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Lawrence 01841 Tower Hill
36 Columbus Ave
$294,900
● House - Off Market

36 Columbus Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$499,408
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

New Construction Tower Hill on the Lawrence Methuen Line, minutes to rte 93, over 1800 sq ft of living space, 7 rooms , 4 bedrooms,2 and 1/2 baths. Cherry kitchen with granite peninsula, stainless steel appliances, real red oak hardwood floors thru out, fully tiled finished lower level walk out family room, gas heat with central air conditioning, slider off kitchen to deck overlooking a fenced back yard, Tier 2 insulated home.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$161
Property Type
House
Property Taxes
$8,333
HOA Dues
-
Year Built
2015

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #71956307)

Price History

Date / Event Date Event Price
Apr 27, 2016 Sold
Premium
Sold
Feb 5, 2016 Listed by The Guselli Agency, Inc. $289,900
Listed by The Guselli Agency, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,682
  • Total Building Area: 1,456
  • Gross Building Area: 2,304
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 250200

Geography

  • Account Number: 240 0000 0041 1A
  • Parcel: LAWR M:0240 B:0000 L:0041 1
  • Lot: 41 1
  • Municipality: LAWRENCE
  • Latitude: 42.7026
  • Longitude: -71.1888

    Address

  • Full Address: 36 Columbus Ave
  • Address - House Number: 36
  • Address - Street Name: Columbus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4004
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $466,900

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 562,345
  • High Value: 659,235
  • Low Value: 465,455

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,800
  • Assessed Land Value: $106,400
  • Assessed Improvements Value: $398,400

    Sales

  • Current Sale Recording Date: Apr 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9435
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2752 ft²

Average Home Age

116.7 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71956307

Frequently Asked Questions

When was property at 36 Columbus Avenue built and last sold?
The property at 36 Columbus Avenue was built in 2015 and last sold on Jan 1, 1970 for $294,900.
How much is this home worth?
The estimated value of the home located at 36 Columbus Avenue is $302,686.
What are some comparable homes to 36 Columbus Avenue?
There are currently no comparable homes to 36 Columbus Avenue.
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